Stephens Inc. AR acquired a new position in shares of Broadcom Limited (NASDAQ:AVGO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,174 shares of the semiconductor manufacturer’s stock, valued at approximately $3,195,000.

Several other institutional investors also recently made changes to their positions in AVGO. CHURCHILL MANAGEMENT Corp lifted its holdings in Broadcom Limited by 8.5% during the second quarter. CHURCHILL MANAGEMENT Corp now owns 21,650 shares of the semiconductor manufacturer’s stock worth $5,046,000 after acquiring an additional 1,691 shares in the last quarter. Union Bankshares Corp bought a new position in Broadcom Limited during the second quarter worth about $1,896,000. Fisher Asset Management LLC bought a new position in Broadcom Limited during the second quarter worth about $250,000. Integrated Investment Consultants LLC lifted its holdings in Broadcom Limited by 374.3% during the second quarter. Integrated Investment Consultants LLC now owns 792 shares of the semiconductor manufacturer’s stock worth $185,000 after acquiring an additional 625 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Broadcom Limited by 517.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 66,222 shares of the semiconductor manufacturer’s stock worth $15,433,000 after acquiring an additional 55,492 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

AVGO has been the topic of a number of research reports. Deutsche Bank AG boosted their price target on Broadcom Limited from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research lowered Broadcom Limited from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $285.00 price target on shares of Broadcom Limited in a report on Tuesday, October 10th. Vetr lowered Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 price target on the stock. in a report on Monday, September 4th. Finally, Barclays PLC boosted their price target on Broadcom Limited from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and three have given a strong buy rating to the stock. Broadcom Limited presently has an average rating of “Buy” and an average price target of $286.47.

Shares of Broadcom Limited (AVGO) traded up $2.62 on Tuesday, hitting $277.50. The stock had a trading volume of 706,245 shares, compared to its average volume of 2,750,448. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. The firm has a market cap of $112,740.00, a P/E ratio of 20.55, a PEG ratio of 1.34 and a beta of 1.05. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last issued its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the business posted $2.89 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities research analysts predict that Broadcom Limited will post 13.91 earnings per share for the current fiscal year.

In other Broadcom Limited news, SVP Charlie B. Kawwas sold 1,788 shares of Broadcom Limited stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $247.28, for a total transaction of $442,136.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas H. Krause sold 2,595 shares of Broadcom Limited stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,383 shares of company stock worth $25,949,184. 3.60% of the stock is owned by insiders.

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Broadcom Limited Company Profile

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

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